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Financial Planning

FSP transitions to Oasis

COMPANY RELEASE  |  FRIDAY, 12 JUN 2009
Oasis Asset Management Ltd has transitioned the administration of FSP Portfolio Services' superannuation and IDPS products onto its platform.

HNWs to buy Aus equities

MICHELLE BALTAZAR  |  THURSDAY, 11 JUN 2009
Australian High Net Worth (HNW) investors, or those with more than $1 million of investable assets, are more likely to put fresh funds into Australian equities and cash-like investments over the next 12 months than in any other asset classes, a survey ...

Global infra funds fall short

PRESS RELEASE  |  THURSDAY, 11 JUN 2009
Only two in seven funds were awarded an A rating in the latest van Eyk global listed infrastructure report, at a time when the sector lost more than 30 per cent of its value.

Super breakthrough for SMAs

MICHELLE BALTAZAR  |  WEDNESDAY, 10 JUN 2009
It wasn't quite a Eureka moment but after two years in the making, Aviva has come up with a separately managed account (SMA) that promises to resolve a lot of the issues that planners often face when they want to use the product.

BT and Shadforth extend Wrap deal

PRESS RELEASE  |  TUESDAY, 9 JUN 2009
BT Financial Group has extended the firm's platform arrangement with Shadforth Financial Group for another three years, ahead of 12 separate financial planning firms joining the group in July.

Working mothers caught in tax snafu

ALEX DUNNIN  |  FRIDAY, 5 JUN 2009
A study revealing that low income mothers pay the highest tax rates highlights how the economic spotlight now on income-tax distribution in Australia is turning into a blowtorch.

Fin advice satisfaction down: Lifeplan

COMPANY RELEASE  |  WEDNESDAY, 3 JUN 2009
The latest Lifeplan ICFS Financial Advice Satisfaction Index fell 4.3 per cent in the last six months, with financial planning clients unevenly split between those who are likely to stick with their planner and those that are more vulnerable to cutting ...

Merger creates 18,500 adviser force

RUTH LIEW  |  TUESDAY, 2 JUN 2009
Morgan Stanley and Citi have given the go-ahead to the Morgan Stanley Smith Barney joint venture - a move that will create a global organisation with 18,500 advisers.

FIRSTUNITY sets up Brisbane shop

PRESS RELEASE  |  TUESDAY, 2 JUN 2009
Boutique financial advisory firm FIRSTUNITY Wealth Management has opened a Brisbane office with four financial advisers.

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
As the 2008-09 financial year draws to a close, tax commissioner Michael D'Ascenzo warned last month that his office will be closely reviewing three arrangements that attempt to falsely generate claims for inappropriate tax losses.